Declaration of K. Rehns in Support of Plaintiffs' Motion for - Lehman ...
Declaration of K. Rehns in Support of Plaintiffs' Motion for - Lehman ...
Declaration of K. Rehns in Support of Plaintiffs' Motion for - Lehman ...
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Case 1:09-md-02017-LAK Document 666-2 Filed 01/13/12 Page 24 <strong>of</strong> 57<br />
Carol V. Gilden<br />
Carol Gilden, a Partner at Cohen Milste<strong>in</strong>, is a member <strong>of</strong> the Securities Fraud/Investor Protection<br />
practice group. She is the resident Partner at the Firm’s Chicago <strong>of</strong>fice.<br />
Ms. Gilden represents public pension funds, Taft-Hartley Benefit Funds, private pension funds and<br />
high net worth <strong>in</strong>dividuals.<br />
Ms. Gilden has extensive experience <strong>in</strong> protect<strong>in</strong>g the rights <strong>of</strong> <strong>in</strong>vestors, <strong>in</strong>clud<strong>in</strong>g five years <strong>of</strong><br />
experience as an en<strong>for</strong>cement attorney <strong>in</strong> the Securities and Exchange Commission. Prior to jo<strong>in</strong><strong>in</strong>g<br />
Cohen Milste<strong>in</strong>, Ms. Gilden worked at the Chicago law firm <strong>of</strong> Much Shelist, where she was the head<br />
<strong>of</strong> the securities class action practice and the Vice Chair <strong>of</strong> the firm’s Class Action Department.<br />
Ms. Gilden has served as co-lead counsel <strong>in</strong> the Sears/Sears Acceptance Corp. Securities Litigation,<br />
Sara Lee Securities Litigation, 99 Cents Only Stores Securities Litigation, and the City <strong>of</strong> Chicago's<br />
case aga<strong>in</strong>st on-l<strong>in</strong>e travel providers. Ms. Gilden also served on the Executive Committees <strong>of</strong> the<br />
Global Cross<strong>in</strong>g Securities Litigation (settlements <strong>of</strong> $448 million) and the Merrill Lynch & Co.<br />
Research Reports cases ($125 million settlement). Among other notable cases, Ms. Gilden served as<br />
co-lead counsel <strong>in</strong> the ML Lee Securities Litigation and Smith Kl<strong>in</strong>e Litigation which settled <strong>for</strong> $33<br />
million and $30 million respectively, as well as lead counsel <strong>in</strong> Pacha et. al. v. McKesson Corporation,<br />
et.al., a private action which settled <strong>for</strong> a confidential sum, and as liaison counsel and a litigation team<br />
member <strong>in</strong> the Waste Management Litigation, which settled <strong>for</strong> $220 million. Under her leadership,<br />
the firm also served as active members <strong>of</strong> the litigation teams <strong>in</strong> the AOL Time Warner Securities<br />
Litigation ($2.5 billion settlement) and Salomon Analyst Litigation/In re AT&T ($75 million<br />
settlement).<br />
In addition to her work on behalf <strong>of</strong> clients, Ms. Gilden publishes scholarly articles and course<br />
materials, and lectures at key <strong>in</strong>dustry conferences and sem<strong>in</strong>ars. She is an author and co-author <strong>of</strong><br />
articles published by the National Law Journal, Courts Grapple with Lead-Counsel Auctions; IICLE on<br />
Ill<strong>in</strong>ois Causes <strong>of</strong> Action, Shareholder Derivative Suits; the American Bar Association, The Impact <strong>of</strong><br />
Central Bank on Securities Fraud Litigation: The Pla<strong>in</strong>tiffs' Perspective; Ill<strong>in</strong>ois Bar Journal,<br />
Proposed Rule 225: A Death Warrant <strong>for</strong> Class Actions <strong>in</strong> Ill<strong>in</strong>ois; and Practis<strong>in</strong>g Law Institute on<br />
Class Actions Litigation (2006 and 2007): A Hybrid 23(B)(2) Rule For Hybrid Class Actions New<br />
Developments In The Use Of Rule 23(b)(2) In Class Certification; and The Evolv<strong>in</strong>g Use <strong>of</strong> Rule<br />
23(b)(2) <strong>in</strong> Hybrid Class Actions Seek<strong>in</strong>g Monetary Damages: A Hybrid Approach. In January 2005,<br />
Ms. Gilden testified aga<strong>in</strong>st Proposed Rule 225 be<strong>for</strong>e the Ill<strong>in</strong>ois Supreme Court’s Rules Committee.<br />
Ms. Gilden is a regular presenter at conferences and sem<strong>in</strong>ars around the country, <strong>in</strong>clud<strong>in</strong>g <strong>in</strong>vestor<br />
conferences and symposiums. She has spoken on shareholder rights, corporate ethics and f<strong>in</strong>ancial<br />
regulatory re<strong>for</strong>m, as well as various aspects <strong>of</strong> securities litigation and class action law, <strong>in</strong>clud<strong>in</strong>g<br />
class certification standards and trends, f<strong>in</strong>ancial report<strong>in</strong>g, <strong>of</strong>ficer and director liability, <strong>in</strong>surance<br />
risks, deferred prosecution agreements, the Private Securities Litigation Re<strong>for</strong>m Act <strong>of</strong> 1995, the<br />
Sarbanes-Oxley Act <strong>of</strong> 2002, companies <strong>in</strong> f<strong>in</strong>ancial crisis, settlements and best practices <strong>in</strong> claims<br />
adm<strong>in</strong>istration. These conferences and sem<strong>in</strong>ars were held by such diverse organizations as the<br />
American Bar Association, Practis<strong>in</strong>g Law Institute, National Institute on Class Actions, Ill<strong>in</strong>ois CPA<br />
Foundation, H<strong>in</strong>es Insurance Symposium, the Ohio and Wiscons<strong>in</strong> Bar Associations, Chicago Bar<br />
Association, Vanderbilt Law School, the National Association <strong>of</strong> Shareholder and Consumer<br />
Attorneys, and other organizations.<br />
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